The Impact of FDI on Renewable and Non-Renewable Energy Consumption: Does Sectoral Diversity Matter?

Burçak POLAT

Özet

The most of the previous studies investigating the impact of FDI on total energy consumption have failed to provide a concluding evidence in the literature. Thus, the main objective of this study is to measure the effect of sectoral FDI on renewable and non- renewable energy consumption for five OECD countries by employing panel data method for the period 1985-2012. The study has empirically proved that FDI promotes energy saving technologies in mining and quarrying sector. Yet, we could not find any effect of FDI on energy consumption in manufacturing and financial and intermediation sectors.